RBI Monetary Policy:

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The Reserve Bank of India has not made any change in the repo rate in the first meeting of the new financial year 2022-23.

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For the 10th time in a row, RBI has not changed the policy rates. Repo rate remains unchanged at 4 per cent.

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Let us tell you that before this, the Reserve Bank of India last changed the repo rate on 22 May 2020.

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RBI governor has raised his inflation rate forecast. He has raised the inflation forecast for FY23 from 4.5 per cent to 5.7.

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In the announcement of monetary policy, RBI has increased the estimate of inflation from 4.5 per cent to 5.7 per cent.

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RBI has lowered the GDP growth rate estimate (7.2%) for the financial year 2023 in the announcement of its monetary policy.

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Let us tell you that in the month of February this year, the GDP growth rate for FY 23 was 7.8 percent.

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The Reserve Bank of India has reduced GDP growth from 7 per cent to 6.2 per cent in the second quarter of FY 2023.

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In the third quarter of FY 2023, the GDP growth forecast has been reduced from 4.3 percent to 4.1 percent.

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The GDP growth forecast for the fourth quarter of FY 2023 has been reduced from 4.5 per cent to 4 percent.

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UPI Based Card less ATM withdrawal: RBI big move, Now you can withdraw money from ATM without card.

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